(b)
|
Restricted stock and PRSUs that have been earned are released to participants on the first day of January on which the
New York Stock Exchange is open for business of the fourth calendar year following the calendar year in which the grant date occurs. The number of PRSUs actually released will depend upon dividend equivalents that are paid as additional units during
the vesting period.
|
Of the 256,463 restricted shares or units held by Ms. Novakovic, 47,860 restricted shares
were released on January 3, 2017, with a market value of $8,398,951; 28,740 restricted shares will be released on January 2, 2018; 25,065 restricted shares will be released on January 2, 2019; 26,055 will be released on
January 2, 2020; 70,492 PRSUs were released on January 3, 2017, with a market value of $12,370,641; and 58,251 PRSUs will be released on January 2, 2018.
Of the 31,878 restricted shares or units held by Mr. Aiken, 1,880 restricted shares were released on January 3, 2017, with a
market value of $329,921; 5,560 restricted shares will be released on January 2, 2018; 4,915 restricted shares will be released on January 2, 2019; 5,485 restricted shares will be released on January 2, 2020; 2,769 PRSUs were released
on January 3, 2017, with a market value of $485,932; and 11,269 PRSUs will be released on January 2, 2018.
Of the 50,201
restricted shares or units held by Mr. Casey, 9,130 restricted shares were released on January 3, 2017, with a market value of $1,602,224; 5,560 restricted shares will be released on January 2, 2018; 4,750 restricted shares will be
released on January 2, 2019; 6,045 restricted shares will be released on January 2, 2020; 13,447 PRSUs were released on January 3, 2017, with a market value of $2,359,814; and 11,269 PRSUs will be released on January 2, 2018.
Of the 48,430 restricted shares or units held by Mr. Roualet, 9,550 restricted shares were released on January 3, 2017,
with a market value of $1,675,930; 4,660 restricted shares will be released on January 2, 2018; 4,750 restricted shares will be released on January 2, 2019; 5,960 restricted shares will be released on January 2, 2020; 14,065 PRSUs
were released on January 3, 2017, with a market value of $2,468,267; and 9,445 PRSUs will be released on January 2, 2018.
Of the 24,436 restricted shares or units held by Mr. Johnson, 3,290 restricted shares were released on January 3, 2017, with a
market value of $577,362; 2,120 restricted shares will be released on January 2, 2018; 4,520 restricted shares will be released on January 2, 2019; 5,365 restricted shares will be released on January 2, 2020; 4,845 PRSUs were released
on January 3, 2017, with a market value of $850,249; and 4,296 PRSUs will be released on January 2, 2018.
(c)
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Represents PRSUs that, subject to satisfaction of the performance condition and committee determination, may release
during the first quarter of 2018 or the first quarter of 2019.
|
For Ms. Novakovic, 25,945 PRSUs may release
during the first quarter of 2018 and 26,449 PRSUs may release during the first quarter of 2019.
For Mr. Aiken, 5,087 PRSUs may
release during the first quarter of 2018 and 5,568 PRSUs may release during the first quarter of 2019.
For Mr. Casey, 4,916
PRSUs may release during the first quarter of 2018 and 6,136 PRSUs may release during the first quarter of 2019.
For
Mr. Roualet, 4,916 PRSUs may release during the first quarter of 2018 and 6,050 PRSUs may release during the first quarter of 2019.
For Mr. Johnson, 4,678 PRSUs may release during the first quarter of 2018 and 5,446 PRSUs may release during the first quarter of
2019.
54 General Dynamics
2017 Proxy Statement